4xForecaster
Short

Target Hit Dead-On ... Bears Roll On ... | $EUR $USD #FED #forex

FX:EURUSD   Euro Fx/U.S. Dollar
614 2 8
Friends,

As price continues to move in the way of our forecast, I have made some adjustment across the technical landscape.

First, our primary target, defined last March 9th, 2014 ("TG-1 = 1.36707 - 29 MAR 2014") got hit dead-on, right at the tip of the current 4-hour candle, as price more of less followed the anticipated pathway laid out by the blue arrows, which are there NOT to define the pathway per se, by highlight anticipated hurdles, targets, S/R levels.

At this point, a relief rally is anticipated, with a structural cap near the 1.37500 level. Besides carrying a psychological weigh, this structural number defines historical S/R level where minor shoulders have developed prior to the left major shoulder. This may be a weak analytical point, but one worth carrying in mind, as the symmetry of the pattern is thereby preserved.


OVERALL:

Looking at the M15 and H4 level, there are no other anticipated technical event that have occurred that should alter the lower target. The overall trend remains markedly bearish .

Cheers,


David Alcindor
Predictive Analysis and Forecasting



-------------------------------------
Disclaimer:
- All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
08 APR 2014 - Chart Update/New Structures:

Twitter announcement:
- "$EURUSD Update: Bulls challenged bears; Relief rally capped near 1.38025; Targets unchanged |
snapshot
| $EUR $USD $USDX #ECB"

snapshot


Cheers,

David Alcindor
Reply
$EURUSD Chart Update:

Upper Channel validated; Rejects further advance pending FOMC:

snapshot


Cheers,

David Alcindor
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out